Cap. 41activeordinance

Insurance Ordinance

保險業條例

Full legislation

s.19

Statements of transactions of prescribed class or description

(1)
Classes or descriptions of agreements or arrangements appearing to the Authority as likely to be undesirable in the interests of policy holders may be prescribed for the purposes of this section, and every authorized insurer which enters into an agreement or arrangement of a class or description so prescribed shall, within such period as may be prescribed, furnish the
                Authority with a statement containing such particulars of that agreement or arrangement as may be prescribed.
(Amended
25 of 1994 s. 8
)
(2)
Different classes or descriptions of agreements or arrangements may be prescribed for the purposes of this section in relation to authorized insurers of different classes or descriptions.
(3)
The whole or any part of any statement furnished to the Authority under this section may be deposited by the Authority with the Registrar of Companies for registration and may be published by the Authority in such ways as
                the Authority thinks appropriate.
(Amended
28 of 2012 ss. 912 & 920
)